ECITB’s levy proposals that received the overwhelming backing of industry in November, have been enacted into legislation following approval from both the House of Commons and House of Lords last week.
The draft Industrial Training Levy (Engineering Construction Industry Training Board) Order 2023 was tabled by The Minister for Skills, Apprenticeships and Higher Education (the Rt. Hon Robert Halfon MP) in the House of Commons.
Over the 2023 to 2025 strategy period, the ECITB has committed to allocate up to 48% of its grant funding on new entrants, while the remaining 52% will support the upskilling of existing workers. That is vital to boosting the number of workers entering the industry and gaining the requisite skills required by employers.”
The Levy Order was affirmed by both Houses of Parliament, without opposition. The Statutory Instrument came into force on 21st July and is available on legislation.gov.uk.
The Order maintains the levy rates of 0.33% of the earnings paid by employers to off-site employees and 1.2% of the earnings paid by employers to on-site employees for businesses liable to pay the levy. The rates will be applied to levies raised in 2023-25 and will be payable in 2024, 2025 and 2026 respectively.
Recognising the budgetary pressures on small businesses, the Order retains the current exemption thresholds. Engineering construction employers with an annual wage bill of less than £1 million for off-site employees will not pay any levy. Employers with an average wage bill of less than £275,000 for on-site employees will also be exempted from paying the levy.
These employers will nevertheless continue to be eligible to receive training grants if they are in-scope to the ECITB.
If you require ECITB Training, feel free to get in touch:
01782 438813
hello@youcandoit.training
コメント